Tenneco to Supply Euro VI Diesel Aftertreatment Systems to Scania
LAKE FOREST, Ill. -- November 09, 2012
Tenneco Inc. (NYSE:TEN) recently announced that it will supply Scania Group
with advanced diesel aftertreatment systems for its European on-road
heavy-duty trucks ahead of the 2013 deadline for Euro VI implementation.
"We are proud to partner with Scania on this new generation of clean trucks,
which will comply with the Euro VI requirements for reducing nitrogen oxides
(NOx) particulate emissions,” said Gregg Sherrill, chairman and CEO, Tenneco.
“Tenneco continues to grow in the commercial vehicle market, serving customers
with a full suite of diesel aftertreatment solutions and global engineering
This is the second on-road business award from Scania. Tenneco is currently
supplying Scania with Euro V aftertreatment systems for South America from its
manufacturing facility in Sao Paulo, Brazil.
The Euro VI systems will be manufactured at Tenneco’s emission control
manufacturing facility in Edenkoben, Germany.
Tenneco is a $7.2 billion global manufacturing company with headquarters in
Lake Forest, Illinois and approximately 24,000 employees worldwide. Tenneco is
one of the world’s largest designers, manufacturers and marketers of emission
control and ride control products and systems for the automotive and
commercial vehicle original equipment markets and the aftermarket. Tenneco
markets its products principally under the Monroe®, Walker® and
Clevite®Elastomer brand names.
This press release contains forward-looking statements. Words such as
“anticipate,” “expects,” "will", "continue" and similar expressions identify
forward-looking statements. These forward-looking statements are based on the
current expectations of the company (including its subsidiaries). Because
these forward-looking statements involve risks and uncertainties, the
company's plans, actions and actual results could differ materially. Among the
factors that could cause these plans, actions and results to differ materially
from current expectations are: (i) changes in automotive or commercial vehicle
manufacturers' production rates and their actual and forecasted requirements
for the company's products, including the company's resultant inability to
realize the sales represented by its awarded book of business; (ii) any change
in customer demand due to delays in the adoption or enforcement of worldwide
emissions regulations or any other changes in consumer demand and prices,
including decreases in demand for automobiles or commercial vehicles which
include the company's products, and the potential negative impact on the
company's revenues and margins from such products; (iii) the general
political, economic and competitive conditions in markets where the company
and its subsidiaries operate; (iv) workforce factors such as strikes or labor
interruptions; (v) material substitutions and increases in the costs of raw
materials; and (vi) the company's ability to develop and profitably
commercialize new products and technologies, and the acceptance of such new
products and technologies by the company's customers. The company undertakes
no obligation to update any forward-looking statement to reflect events or
circumstances after the date of this press release. Additional information
regarding risk factors and uncertainties is detailed from time to time in the
company's SEC filings, including but not limited to its report on Form 10-K
for the year ended December 31, 2011.
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